Credit Suisse Group AG Initiates Coverage on Amec Foster Wheeler PLC (AMEC)
Credit Suisse Group AG initiated coverage on shares of Amec Foster Wheeler PLC (LON:AMEC) in a research report report published on Monday, StockTargetPrices.com reports. The firm issued an underperform rating and a GBX 450 ($5.87) price target on the stock.
Several other brokerages have also recently issued reports on AMEC. JPMorgan Chase & Co. lowered their target price on shares of Amec Foster Wheeler PLC from GBX 540 ($7.05) to GBX 520 ($6.79) and set an overweight rating on the stock in a research note on Tuesday, July 26th. Deutsche Bank AG began coverage on Amec Foster Wheeler PLC in a report on Monday, July 11th. They set a hold rating and a GBX 470 ($6.13) price target on the stock. Barclays PLC reiterated an overweight rating and set a GBX 600 ($7.83) price target on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 24th. Goldman Sachs Group Inc. reiterated a buy rating and set a GBX 691.10 ($9.02) price target on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 700 ($9.14) price target on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 515.82 ($6.73).
Amec Foster Wheeler PLC Company Profile
Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The Company’s segments include Americas; Northern Europe and CIS (NECIS); Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services.
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